Mobile Home Park Details
- Purchase Method: Cash, New Loan
- Cap Rate: 8.0% (Actual)
- Listing ID: 1430578
- Posted On: Apr 29, 2021
- Updated On: Oct 20, 2021
Description
Great cash flowing property. 16 homes on this site, 14 park owned. 2 additional vacant spots that are ready for new homes. Tenants pay all utilities and park always stays 100% full. Very low key park, in the heart of town.
Location
Downtown Livingston TN with homes all around it.
Interested in purchasing this mobile home park? Get pre-qualified for a loan.
Park Information
| Community Type: | All Age |
| Number of MH Lots: | 18 |
| Total Occupancy: | 100.0 % |
| Average MH Lot Rent: | $400 |
| Size: | 12 acre(s) |
Financial Information (Actual)
| Gross Income: | $78,000 |
| Operating Expense: | $11,000 |
| Net Operating Income: | $67,000 |
| Expense Ratio: | 14.1 % |
Lot Information
| Singlewide Lots: | 18 |
| Doublewide Lots: | 0 |
| Triplewide Lots: | 0 |
| Park Model Lots: | 0 |
RV Information
| Number of RV Lots: | 0 |
| Average RV Lot Rent: | $0 |
Utility Information
| Water: | City |
| Water Paid By: | Tenant - Individual Service |
| Sewer: | City |
Park-Owned Homes
| Number of Park-owned Homes: | 2 |
| Average Rent for Park-owned Homes: | $680 |
